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Trader Joe's is mystery grocer in subsidized Northeast Portland development | belucydyret.web.fc2.com
After the FTC seized property from Whole Foods and offered it to Trader Joe's at below-market price, the popular grocer finally entered the Portland, ME, market.
Why does Trader Joe's need the FTC's help breaking into that market? The locals appear ecstatic; the FTC has already received over comments from Portlanders praising federal intervention in their local grocery market. Last month Matthew S.
The FTC refused to disclose the terms of the deal to the public. All this begs the question: A cursory examination of the Portland market actually shows the market has been in flux for several years. Wild Oats and Whole Foods were not longtime competitors in Portland — in fact, they operated competing stores for about a year. Wild Oats opened its Portland store in after nearly two years of delays due to financing issues.
The store also faced some public backlash for locating right next to an existing, independent natural foods store, The Whole Grocer. Whole Foods closed The Whole Grocer, opened its own store, and acquired Wild Oats the following year. What matters in FTC actions are the opinions of government antitrust lawyers and their paid experts like Dr. The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there.
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Trader Joe's in Portland Se, OR, Store Hours
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Business The Circle Bastiat. Oliva , Guest blogger April 21, The Federal Trade Commission, seen here in Washington, DC, helped grocer Trader Joe's break into Portland, ME, after it seized property from rival grocer Whole Food's and sold it at below-market price to Trader Joe's.
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